friday, page-6

Ninelives

I'm unsure myself.

Is today the day that ignores a first big day down in the US as often happens.

We often open lower and rally most of the way back up.

Yesterday SPI came back exactly to fill the gap and then surged at the end.

XJO and SPI closed back above 3500 though not by a huge amount.

It will be interesting to see today's closes.

On Wed morning CMC at SYCO close closed on the 30 TEMA but by 11am (EOD for CMC) was over it and after another day higher this morning at the end of the SYCO session it came back to close on it again. At 11 am it will be well above it so that is a positive.

Laundry even put in a little note yesterday wondering about recent action. He still thinks we go sharply lower but sounds a litttle worried.

So, while my major indicators are still bearish, there are quite a few positives about including some I didn't mention.